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Many automakers selling passenger vehicles in China have until Dec. 20 to report their estimated 2019 fleetwide fuel economy and the number of carbon credits they expect their electrified vehicles to generate next year. The requirement, posted on the Ministry of Industry and Information Technology¡¯s website, affects companies with annual production or imports in China totaling 30,000 or more vehicles.
BEIJING -- Geely Automobile Holdings, long the subject of
speculation about its political ties, moved to dispel a
widely held belief its chairman's wife was related to Chinese
President Xi Jinping. The automaker, which owns a major stake in Germany's Daimler
AG, Swedish automaker Volvo and the firm that makes London black cabs, revealed
in a filing the name of Chairman Li Shufu's spouse was Li Wang,
and she jointly holds 4.9 million shares in the firm.
BEIJING -- China's car sales fell the most
in nearly seven years in September, stoking concerns the world's
biggest auto market could contract for the first time in decades amid cooling economic growth and a biting trade war.
LONDON -- Jaguar
Land Rover will close its Solihull plant in Britain for two weeks this month after posting a nearly 50 percent decline in China sales as import duties and a trade war with the United
States curb demand.
At sea and in the sky, U.S. President Donald Trump's trade war with China has
ignited a freight frenzy for auto parts.
Hyundai Merchant Marine Co.¡¯s vessels leaving China for the U.S. are
full, deliveries to California ports are surging and cargo rates for
journeys across the Pacific are at a four-year high.